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MARKETS
MUTUAL FUNDS:
RBI moves to inject liquidity to MFs; banks not enthused
Only 4 bids from banks worth Rs 3,500 cr. Mumbai, Oct 14 The scheme announced by the Reserve Bank of India on Tuesday to provide liquidity to mutual funds, which are facing redemption pressure, turned out be a damp ...
MUTUAL FUNDS:
Liquidity situation is comfortable: Subbarao
New Delhi, Oct. 14 The Reserve Bank of India Governor, Dr Duvvuri Subbarao, on Tuesday said that the liquidity situation was comfortable and that financial markets were under control following measures in the past few days to infuse ...
RECOMMENDATION:
Tata Communications (Rs 494.85): Buy
We recommend a buy in Tata Communications from a short-term horizon. It is apparent from the charts of Tata Communications that it has been on an intermediate-term uptrend from its 52-week low of Rs 332 recorded in early July. The ...
RECOMMENDATION:
Day Trading Guide
The stock has formed a spinning top candlestick pattern indicating indecisiveness in the last trading session. Desist trading in this counter for the ...
INVESTMENTS:
Gold ETF asset base gains 12% in September
Mumbai, Oct. 14 The five listed Gold ETFs saw their asset base increase by 12 per cent in September as the rupee depreciated and investors shied away from ...
STOCK MARKETS:
LIC on buying spree, hikes stake in pivotals
Insurer made purchases worth Rs 12,000 cr. Mumbai, Oct. 14 Life Insurance Corporation of India, the largest domestic institutional investor, continued to pile up shares in stock market heavyweights, notwithstanding IRDA’s proposal that it ...
MUTUAL FUNDS:
Funds welcome RBI largesse
Could help mutual funds ward off redemption pressure. Mumbai, Oct. 14 Reserve Bank of India on Tuesday turned out to be a saviour of sorts for cash hit-mutual funds in the country who are struggling to cope with redemption pressure ...
IPOS:
Oil India awaits Govt nod for IPO
Turbulence in capital markets has little effect on plans, say sources. Bangalore, Oct. 14 Public sector Oil India Ltd (OIL) is unfazed by the financial market turbulence and intends to proceed with its planned initial public offering (IPO) ...
BUYBACK:
DLF re-schedules share buyback programme to October 17
Offer date deferred from Oct 15 ‘to comply with’ SEBI rules. New Delhi, Oct. 14 India’s largest real estate company, DLF Ltd, said on Tuesday that its proposed buyback of equity, which was earlier slated to open on October 15, ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Oct. 14 With reference to the earlier announcement regarding an appeal allowed by the Income Tax Appellate Tribunal on the levy of capital gains on the slump sale of the Mantralayam undertaking, Agro Tech ...
STOCK EXCHANGES:
RMoney picks up 15% in HKMEx
Mumbai, Oct. 14 Reliance Money has picked up 15 per cent stake in the yet-to-be launched Hong Kong Mercantile Exchange for an undisclosed ...
FOREIGN INSTITUTIONAL INVESTORS:
Financial crisis — What India needs to do
The financial crisis in the US, the worst since the Great Depression of 1929, is threatening to reach perilous proportions. The collapse of the big five financial giants on Wall Street — Fannie Mae, Freddie Mac, AIG, Lehman Brothers ...
STOCKS:
Jet-Kingfisher deal: May not boost pricing power
Fall in domestic air passengers poses a threat. The wide-ranging alliance between the two of the country’s leading private sector airline — Jet Airways and Kingfisher Airlines — announced this week would have had a significant ...
DERIVATIVES MARKETS:
Unwinding of long positions seen on Nifty
Reliance, SBI add fresh shorts. Chennai, Oct. 14 Trading volume spurted in the F&O segment on Tuesday to Rs 47,278.06 crore against Monday’s low volume of Rs 40,624.27 crore. The NSE October future, which started the day on promising ...
STOCKS:
Depressed earnings for Orbit Corporation
Company going slow on fresh investments. BL Research Bureau Orbit Corporation’s results for the quarter ended September 2008 reflect the strain witnessed in the property market currently. Slower revenue booking as well as burdening ...
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